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Mar 16, 2020 2:07 pm
Hello,
If I incorporate, and Only Take dividends from my corporation.
Is my corporation still able to give me A Tax Free Allowance for my Home office and Vehicle, if im not taking any salary?
Thank You
1 Reply
Mar 17, 2020 7:31 pm
You must be an employee (and receive a salary/wages) in order to receive a tax-free vehicle allowance. You can receive reimbursement for your home office expenses even if you are not an employee and you are only receiving dividends.